Deals of the day-Mergers and acquisitions

VeriSign,

29/07/2025 10:40

Corrects dateline

July 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** European investment fund EQT  has decided to acquire Japanese elevator maker Fujitec <6406.T> through a tender offer worth more than 400 billion yen ($2.6 billion), the Nikkei business daily reported.

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** Oil and gas equipment supplier Baker Hughes  is nearing a $13.6 billion cash deal to buy Chart Industries , edging out rival suitor Flowserve, with a buyout likely to be announced in the coming days, the Financial Times reported on Monday, citing sources who warned that the agreement was not final.

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** Vinci Compass  is in talks to buy Verde Asset Management, one of Latin America's most established hedge funds, Verde told Reuters on Monday, confirming earlier news reports.

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** Berkshire Hathaway  sold about one-third of its stake in VeriSign , an internet infrastructure and domain name registry company that Warren Buffett's conglomerate has invested in since 2012, VeriSign said on Monday.

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** Japan's Mizuho Financial Group <8411.T> will acquire about 70% of startup lender Upsider Holdings for roughly 46 billion yen ($310 million) through its banking unit, the companies said in a joint statement.

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** Union Pacific  is nearing an agreement for a cash-and-stock deal for Norfolk Southern , valuing the smaller rival at about $320 per share, Bloomberg News reported on Monday, citing people familiar with the matter.

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** Australia's Woodside Energy  said it will take over operatorship of the Bass Strait oil and gas assets from ExxonMobil XOM.N, unlocking an estimated $60 million in synergies.

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** Oil and gas equipment supplier Baker Hughes  is close to a $13.6 billion cash deal to acquire U.S.-based equipment manufacturer Chart Industries (GTLS.N), the Financial Times reported on Monday, citing sources familiar with the matter.

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** Harley-Davidson  is in talks with Pacific Investment Management Co and KKR & Co.  to sell a stake in its financing unit and existing motorcycle loan portfolio in a deal worth $5 billion, Bloomberg News reported on Monday.

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 (Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))